Salmon Evolution CFO Trond Vadset Veibust (left) and CEO Trond Håkon Schaug-Pettersen (right) at Indre Harøy.
Photo: Salmon Evolution.
Norway's Salmon Evolution has released its operational update for the second quarter, reaching what it describes as "all-time high" production levels by the end of the period.
The land-based salmon farming company, which operates a hybrid flow-through facility at Indre Harøy near Molde, Norway, reported it harvested 1,232 tonnes of head-on gutted (HOG) fish during Q2, with an average all-in price of around NOK 72 per kilogram (approximately EUR 6.07 / USD 7.13).
The company also reports that underlying biomass growth during the quarter exceeded 1,700 tonnes live weight (LW), with a net increase of 1,604 tonnes LW. Salmon Evolution attributed the slightly lower growth figure to a temporary halt in feeding, taken as a precaution during blasting activities during work on water intake infrastructure, part of the Phase 2 expansion at its Indre Harøy site.
At the end of the quarter, Salmon Evolution reports it reached a standing biomass of 3,043 tonnes LW, in line with its production targets both in terms of volume and number of fish.
“Salmon Evolution continues to see stable operations across the farm and enters Q3 with a fully stocked farm and a good biomass composition, boding well for continued positive development in operational KPIs and harvest weights over the coming quarters,” said CEO Trond Håkon Schaug-Pettersen, via a press release.
At the end of June, Salmon Evolution announced it had reached a new milestone in the Phase 2 expansion of its land-based aquaculture facility in Indre Harøy, having completed two new seawater intake pipelines.
Once the second phase is completed, Salmon Evolution expects to increase its production capacity from its current 7,900 tonnes to 18,000 tonnes per year, with the final phase aiming to reach 36,000 tonnes by 2026.